Citigroup unveils plan to power active ETF surge in Europe

Quick Summary:

However, she said asset managers needed to factor in the cost of using a platform and the portability of their ETFs if they ever decided to bring them in-house.

The move by the third-largest US bank to create a “white label” platform threatens to shake-up a sector dominated by smaller specialist players, even after Goldman Sachs became the first big-name entrant to the platform sector when it launched its ETF Accelerator last year.

Citigroup is launching a European exchange traded fund platform to help third-party managers enter the rapidly growing sector.

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Article Details

Author / Journalist: Steve Johnson

Category: MarketsFinanceInvesting

Markets: United States

Topics: Issuers Europe Market Active Managers Jamieson Citi Platform Launch European Etfs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 04:00:57 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 955 words

Reading Time: 6 minutes read

Sentences: 36 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23219562

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Official Website: ft.com

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